Lumen appoints Chris Stansbury as CFO effective April 4, 2022; succeeds Neel Dev

Lumen Technologies, Inc.

Christopher Stansbury appointed EVP and CFO, effective April 4, 2022; he previously served as SVP and CFO of Arrow Electronics.
Stansbury's compensation: $750k base salary, $937.5k target short-term incentive, $4.35M target long-term incentive, plus sign-on cash bonus of $150k and equity award of $3.75M.
Outgoing CFO Indraneel Dev gets accelerated vesting of 2020-2021 time-based RSUs, prorated performance-based RSUs, and cash severance; forfeits 2022 equity grants.
No changes to previously issued financial outlook or expectations related to this appointment.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Christopher D. Stansbury

Executive Vice President and Chief Financial Officer

LUMN · Lumen Technologies, Inc.

Effective: 2022-04-04
Filed: March 28, 2022, 7:59 PM ET

announced that Christopher D. Stansbury would succeed Indraneel Dev as Executive Vice President and Chief Financial Officer of the Company and its principal subsidiaries, effective as of April 4, 2022

Departed

Indraneel Dev

Executive Vice President and Chief Financial Officer

LUMN · Lumen Technologies, Inc.

Effective: 2022-04-01
Successor: Christopher D. Stansbury
Filed: March 28, 2022, 7:59 PM ET

Mr. Dev, whose employment with the Company and its subsidiaries will end on April 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher D. Stansbury was appointed as Executive Vice President and Chief Financial Officer at Lumen Technologies, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

announced that Christopher D. Stansbury would succeed Indraneel Dev as Executive Vice President and Chief Financial Officer of the Company and its principal subsidiaries, effective as of April 4, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Indraneel Dev departed as Executive Vice President and Chief Financial Officer at Lumen Technologies, Inc..

Action: departed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Dev, whose employment with the Company and its subsidiaries will end on April 1, 2022

View on SEC.gov

Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-085992

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.